Germany blocking sales of its chip companies is like putting a plaster on a decapitation

Germany’s federal government has blocked Chinese investment into two chip factories in the country, citing national security concerns for the move. Firstly, the government vetoed the takeover of Elmos, a Dortmund-based semiconductor company that’s producing chips for the automotive industry. This bid came from Silex, a Swedish subsidiary of China’s Sai Microelectronics. The announcement came from the Federal Minister of Economics, Robert Habeck, after a meeting of the Federal Cabinet, Reuters reports. During this, the politician said that a Chinese private equity firm has also been banned from investing in a second company. Although Habeck didn’t disclose its name, it’s…

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